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Axelar Integrates Sui Mainnet, Boosts DeFi Activity 140%
Generated by AI AgentCoin World
Thursday, May 8, 2025 11:23 am ET1min read
Axelar has successfully integrated the
mainnet, marking a significant milestone in the interoperability of blockchain networks. This integration allows for the seamless deployment of native assets to the Sui network using Axelar's secure cross-chain token service (ITS). This development is expected to provide users with a chain-agnostic interaction experience, enhancing the overall usability and accessibility of the Sui ecosystem.The integration comes at a time when on-chain DeFi activity on the Sui network has surged, with over 1.4 million daily active addresses driving significant trading volume in the past 30 days. This surge in activity highlights the growing interest and participation in the DeFi space within the Sui network.
Several flagship projects within the Sui ecosystem, including Aftermath, AlphaFi, and Bluefin, have already begun leveraging Axelar's cross-chain capabilities. These projects are at the forefront of utilizing the new interoperability features, propelling Sui to become a DeFi infrastructure with global liquidity. This integration is expected to attract more projects and users to the Sui network, further enhancing its position in the DeFi landscape.
The integration of Axelar with the Sui mainnet is a strategic move that aligns with the broader goals of enhancing interoperability and liquidity within the blockchain ecosystem. By enabling seamless cross-chain interactions, Axelar's ITS service is set to unlock unlimited liquidity for Sui chain assets and applications. This development is poised to benefit both asset issuers and users, providing a more fluid and interconnected blockchain experience.
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